Kosovo

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KV-map
Location map
author: CIA


Location:
- Southeast Europe;
- Neighbours: Macedonia, Albania, Montenegro, Serbia.

Climate:
- influenced by continental air masses resulting in relatively cold winters with heavy snowfall and hot, dry summers and autumns;
- Mediterranean and alpine influences create regional variation;
- maximum rainfall between October and December.


Macro indicators
* 2018 estimates
Surface:10,908km2
Population*:1.8million
Pop. density*:165.9people/km2
GDP*:6.8EUR billion
GDP/capita*:3,726.4EUR

European Union:
Potential candidate

Currency: Euro
Code: EUR
- unilaterally adopted EUR currency


Insurance market portfolio
* 2018 estimates
TOTAL LIFE*:3%
TOTAL NON-LIFE*:97%


Sources:



 


Statistics

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Kosovo FY2020 Market Rankings

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Kosovo FY2020 Market Portfolio


See all statistics

Latest news

STATISTICS: Who are the 2020's biggest insurers in Kosovo?

SIGAL UNIQA, SIGMA VIG and ILLYRIA are, in terms of FY2020 GWP, the largest insurance companies that are active on Kosovo insurance market, according to the market shares presented by Slovene re/insurer SAVA Re in its 2020 Annual Report.








KOSOVO: 20% of national vehicles fleet was uninsured in 2019

According to the Central Bank of Kosovo (CBK) Governor, Fehmi Mehmeti, between 40,000 and 60,000 uninsured vehicles circulated in Kosovo during 2019. This number represented roughly 20% of the total national fleet of vehicles.


KOSOVO: CBK limits non-life insurers expenses to 24% of GWP

In order to improve the financial strength of local insurers, Central Bank of Kosovo (CBK) introduced at the beginning of February 2020 a set of rules that will limit the overall commissions and operational costs of non-life insurers to a maximum amount of 24% of all non-life gross written premiums volume.


KOSOVO insurers ended Q3 on loss

Kosovo's insurance companies posted a net loss of EUR -0.8 million at the end of September 2019, compared to a net profit of 2.1 million euro a year earlier, according to the "Monthly Information Report of the Financial System" published by the Central Bank.






KOSOVO: CBK revokes the licence of INSIG

Central Bank of the Republic of Kosovo revokes the licens of the local unit of the Insurance Company INSIG, as the market authority informed on its website.